ENI LOGS PROGRESS ON PRIVATIZATION, RESTRUCTURING

Italy's Parliament has approved the government's plan to privatize state petroleum company Ente Nazionale ldrocarburi SpA (ENI). Parliament also recommended that ENI commit to a public stock offering of its most profitable units, Snam and Agip. Steps toward a major restructuring and privatization of the massive state holding company began in mid-1992 and accelerated by yearend.

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